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Investors still chasing Calgary office assets

Tuesday, August 21, 2018

The renewed appeal of commercial real estate investment which took hold in Calgary in mid-2016 has continued through the first six months of 2018, according to a new report by Barclay Street Real Estate.
The company, in its mid-year analysis, reports a 23 per cent year-over-year increase in dollar volume at the end of June, with total sales of assets worth more than $1 million jumping to $1.26 billion.

The renewed appeal of commercial real estate investment which took hold in Calgary in mid-2016 has continued through the first six months of 2018, according to a new report by Barclay Street Real Estate.
The company, in its mid-year analysis, reports a 23 per cent year-over-year increase in dollar volume at the end of June, with total sales of assets worth more than $1 million jumping to $1.26 billion.

Calgary’s long-suffering retail sector may get a lift this year from the cannabis industry, according to Barclay Street Real Estate. The city’s downtown retail vacancy rate is down to 10 per cent, but it could fall to single-digits if the push for marijuana retail outlets materializes into bricks and mortar, the real estate agency said.

The second quarter of 2018 marked the end of five consecutive quarters of declining vacancy in Calgary’s industrial real estate market, says a new report by Barclay Street Real Estate. There was a slight uptick of 0.01 per cent to 5.67 per cent overall, says the report

A Barclay Street Real Estate report says vacancy rates are declining downtown and in the Beltline as potential retailers prepare to open marijuana stores. The retail real estate market warmed up in Calgary’s Central Business District (CBD) in the second quarter of the year. And the legalization of cannabis is expected to heat things up even further in the near future. A mid-year retail report by Barclay Street Real Estate says CBD vacancy decreased to 10 per cent in the second quarter from 11 per cent in the first quarter.